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$599,999 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • Updated 8 hours ago
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Welcome to 427 Summer Street in the heart of Paterson ? a rare and exceptional investment opportunity! This expansive 9-bedroom, 5-bath multi-family property offers generous living space, strong income potential, and incredible versatility for investors or owner-occupants alike.Each unit features well-proportioned bedrooms, ample natural light, and functional layouts designed for comfortable living. With five full bathrooms, the property easily accommodates large households while providing convenience and privacy for tenants. The sizable interior offers flexibility for rental optimization or multi-generational living.Situated on Summer Street, this property benefits from close proximity to major highways, public transportation, shopping, schools, and local parks. Its prime location in Paterson ensures consistent rental demand and long-term growth potential.Whether you're looking to expand your portfolio or secure a high-capacity income-producing property, 427 Summer Street presents a compelling opportunity with substantial upside.Schedule your private showing today and explore the possibilities this impressive multi-family home has to offer!

Full Property Details for 427 Summer St

General

  • Price: $599,999
  • Taxes: $8,050 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4009959
  • Updated: Today (2/16/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 13

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 9

Location

  • County: Passaic
  • Driving Directions: Between Market St and Essex St.

Heating & Cooling

  • Cooling Type: See Remarks, Wall A/C Unit(s)
  • Heating Type: Baseboard - Hotwater, See Remarks
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas, See Remarks

Structural Information

  • Architectural Style: 2-Two Story
  • Exterior Const.: See Remarks, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished
  • Roof: Asphalt Shingles
  • Year Built: 1930

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Kitchen, Laundry Room, Living Room, See Remarks
  • Levels/Stories: 1
  • Total Bathrooms: 3
  • Bedrooms: 5

Unit 2

  • Unit Description: Bedrooms, Dining Room, Kitchen, Laundry Room, Living Room, See Remarks
  • Levels/Stories: 2
  • Total Bathrooms: 2
  • Bedrooms: 4

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Dimensions: 25 x 100
  • Driveway/Sidewalk: Off-Street Parking, See Remarks

Financial Considerations

  • Assessment Amount: $137,200
  • Land Assmt: $20,800
  • Tax Amount: $8,050
  • Tax Year: 2024

Disclosures and Reports

  • Block: 6307
  • Lot Number: 12

Listed by Realty Of America

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Listing agent

— 427 Summer St —

  • Realty Of America

973-951-8239

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 427 Summer St

School District:Paterson City School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 427 Summer St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/16/2026
Listed
$599,999
867.74%
MLS
2/15/2001
Sold
$62,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 427 Summer St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,050
10%
$158,000
—
2022
$7,334
4%
$158,000
—
2021
$7,072
7%
$158,000
4%
2018
$6,588
5%
$152,300
1%
2017
$6,286
-9%
$151,100
-5%
2016
$6,929
8%
$159,700
3%
2019
$6,387
-3%
$154,500
-3%
2015
$6,560
3%
$159,700
-31%
2013
$6,363
—
$231,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 427 Summer St

$
Down Payment
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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Realty Of America

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427 Summer St, Paterson, NJ 07501 (MLS# 4009959) is a Multi-Family property with 2 units containing 9 bedrooms and 5 full bathrooms. 427 Summer St is currently listed for $599,999 and was received on February 16, 2026. Want to learn more about 427 Summer St? Do you have questions about finding other Multi-Family real estate for sale in Paterson? You can browse all Paterson real estate or contact a Coldwell Banker agent to request more information.

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